Qatar’s economy to grow on USD210b development plan

08 Jun 2015

(MENAFN) Qatar’s economy is set to record more growth on its USD210 billion development scheme, primarily motivated by the country’s non-hydrocarbon sector, Kuwait Times reported.

Nonetheless, the current account excess is forecast to decrease due to declining oil prices, but with continually holding onto the country’s momentous infrastructure projects, mainly dedicated for the World Cup, the economy is expected to remain solid.

Additionally, the Consumer Price Index (CPI), or inflation, is set to increase, led by the rapidly increasing rents but a bit bounded by the lower prices of food and commodities.

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